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Property profile & analytics
OFF-MARKET
Residential income homes
619 Lk St Warsaw, IN 46580-4367
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US31-2161751
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1979
Construction
WOOD
Total area
3,536 SF
Lot
0.2 ac (8,712 SF)
Zoning code
R-2
APN
43-11-17-400-182.000-032
UPID
US31-2161751
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Lopez Real Estate Investments LLC · 5 yrs held
Lopez Real Estate Investments LLC
since 2021
Last sale
$430,000
2 recorded transactions
Zoning & alternative use
R-2 · Warsaw, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Planned unit developments shall be permitted in the R-1, R-2, R-3, C-2, C-3 and C-4 zone districts, provided that they meet the intent and regulations as contained in this ordinance. aa. Printing and duplicating shall be permitted in the C-2, C-3, C-4, C-5, I-1, I-2 and I-3 districts, provided that: 1. Commercial printing and copy shops are located in the C-…
Zone name
Single And Multifamily Residential District
General category
RESIDENTIAL
Zone area
1,219.94 ac
Source
code of ordinances
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Warsaw submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Warsaw submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$2,127
Tax year 2023
Assessed value
$102,400
Assessed 2023
Previous assessed
$102,400
+0.0% YoY
Effective rate
2.08%
On assessed value
Assessed land
$11,200
Assessed improvement
$91,200
Land market value
$11,200
Improvement market value
$91,200
Total market value
$102,400
Applied tax rate
32.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1979
Construction
WOOD
Heating
NONE
Stories
2
Units
4
Total area
3,536 SF
Lot
0.2 ac (8,712 SF)
Zoning code
R-2
APN
43-11-17-400-182.000-032
UPID
US31-2161751
Jurisdiction
KOSCIUSKO
Zoning & alternative use
R-2 · Warsaw, INZoning R-2 · permitted uses
R-2 · Warsaw, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Planned unit developments shall be permitted in the R-1, R-2, R-3, C-2, C-3 and C-4 zone districts, provided that they meet the intent and regulations as contained in this ordinance. aa. Printing and duplicating shall be permitted in the C-2, C-3, C-4, C-5, I-1, I-2 and I-3 districts, provided that: 1. Commercial printing and copy shops are located in the C-2, C-3, C-4, C-5 and I-1 zone districts. 2. Full scale printing operations are located in the I-1, I-2 and I-3 zone districts. bb. Recreation facilities for indoor use shall be permitted in the R-3, C-2, C-3, C-4,
Zone name
Single And Multifamily Residential District
General category
RESIDENTIAL
Zone area
1,219.94 ac
Source
code of ordinances
Building & site characteristics
From public records
Year built
1979
Construction
WOOD
Heating
NONE
Stories
2
Units
4
Lot
0.2 ac
Current owner
From public records · entity-resolved
Lopez Real Estate Investments LLC
Entity
Mailing address
1505 DOT ST, WARSAW, IN 46580-2417
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 25, 2021
$430,000
Lopez Real Estate Investments LLC
Bruce A Woodward
Deed
$322,500 · Interra Cu
Feb 7, 2017
—
Bruce A Woodward
Bruce A Woodward
Intrafamily Transfer
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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